Wednesday, 21 June 2017

EPIC RESEARCH MCX SILVER UPDATE OF 21 JUNE 2017

Silver trading range for the day is 37697-38533.Silver dropped as hawkish remarks made by an influential Federal Reserve official reinforced expectations for the Fed to keep raising interest rates.
New York Fed Chief William Dudley gave an upbeat assessment of the economy and warned against the central bank taking a pause in the tightening cycle.Chicago Fed President Charles Evans however said the Fed should move slowly to raise rates and trim its portfolio due to soft inflation.